Tag Archives: banks

WHAT IS LIKELY WHEN ROBOTS AND COMPUTER SOFTWARE STARTS TO CONTROL MOST THINGS???

When computer automation takes over most jobs, who will be in a position to consume products and services without earned income? Well, obviously those maintaining the technology will be in the forefront with more than decent wages but the vast majority will be on some form of government welfare and on a fixed income.

Politically this is a little scary because the overwhelming majority will always vote for more welfare money and this could enslave the remaining elite working class and make them slaves supporting the welfare class. I would strongly suggest that we reduce the votes of those on welfare to a fraction of one vote so that the vote of the minority working class has more clout. Of course this will need a constitutional amendment which is probably highly unlikely to pass.

The robots will be the new dominant workers and it makes sense that they will eventually be taxed to fund all the humans which they have replaced and now will be living on welfare. A guaranteed annual minimum wage without working has already been proposed so effectively most will not be working but just spending money given by the government. The political and social ramifications are revolutionary but the financial ramifications are revolutionary also where financial growth is going to be dependent on an increase in robot productivity and not human productivity.

There will be no credit for those on welfare so spending and their income will only rise if their government benefits will. Inflation will be less of a problem because there will be over production. Monopolistic production may be in the hands of relatively few so prices and inflation may rise because of product price increases in the monopolistic economy.

Most humans will no longer own their own cars, own homes, and recreational vehicles but will be renting them if they save up enough money. They will be riding around in hired driverless vehicles, living in apartments, having few if any offspring, and spending most of their time at home. They will be eating, drinking, doing drugs, having sex, and spending most of their time online in search of entertainment or if smart, seeking further useful educational advancement.

For some, not having to work sounds like utopia but for others it is a kind of dystopia or permanent retirement from life with all its possible adventures, anxieties, stresses, and tragedies. Was human kind meant to live in retirement mode or will it cause a dramatic increase in health problems, addictions, and mental illness? Only time will tell.

Small businesses will dramatically decrease because the initial capital investment in them will be huge and the probability of failure extremely high. Specialty internet small businesses may still thrive but employed workers for these enterprises will probably be minimal.

Actually what I have outlined so far is a likely scenario if a country is self sustaining  or self supporting and produces everything that it consumes. Realistically we are in a competitive worldwide environment of relatively free trade and the threat of financial national bankruptcy is a greater threat than is that of robotization. If you just keep spending and producing very little for consumption or export bankruptcy is inevitable.

Other countries are becoming more competitive and are producing products more cheaply than we could ever hope to. The United States will have relatively cheap products from around the world but the budget deficit will grow by leaps and bounds.

International banks, corporations, and institutions have more political clout than that of any one nation. Wealth is being spread worldwide and the United States unfortunately is on a never ending slide in standard of living. A more likely scenario is that the United States will just become another third world nation with relatively few in a wealthy upper class and the vast majority will be in a relatively poor lower class as far as income is concerned.

Unless made in the United States has a rebirth and there are things which the world needs from the United States, besides food, energy, and military protection, the United States will continue its almost inevitable economic slide downwards on into the foreseeable future.

Much more could be written about automation such as bot content creators for almost everything we see and read, bot actors, bot musicians, bot teachers, bot nannies, bot sexual partners, drone deliveries, etc. No human field is safe from robotization or a symbiosis between humans and machines. How fast this trend will continue is debatable but this kind of change is inevitable to the detriment of future generations of average not exceptional humans. If you are part of the technological revolution then you will do just fine. If not, your life may seem rather meaningless without a job that you can derive satisfaction and purpose from.

If you liked this evergreen truth blog then read more of them, about 4500 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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BIG MONEY AND THE PROBLEM WITH BIG IN GENERAL!!!

Big international banking is probably why the danger of  World War 3 is highly unlikely since the world is so economically interdependent and no major nation wants a physical war nor much less an all out cyber war designed to incapacitate a major economic nation in the world. Yes, if the total military system of a nation is neutralized or totally incapacitated with cyber attacks then blackmail is a distinct possibility but I doubt that it would lead to a physical world war. There is a war on to try and control your mind with socialist and communist propaganda internationally but this will take a few generations to achieve unless big internet tech is determined to make it happen sooner.

That said bigness in general has many drawbacks since monopoly or big business size has a tendency to corrupt an organizational structure and any products or information which it may choose to disseminate or sell to customers. Quality service, quality products, and quality information suffers whenever something gets too big.

The big food business or monoculture big agribusiness in general is largely producing cheap food and polluting and losing the topsoil which it is so heavily dependent on. The soil is being poisoned by artificial fertilizers, artificial pesticides and herbicides, questionable GMO’s, and the topsoil is decreasing with each passing year. Big factory farming is producing too many livestock with unnatural doses of antibiotics, hormones, and genetically modified livestock which no longer reproduce the natural way but do so only with artificial insemination.

Over processing of limited biodiverse produce and adding too much sugar, preservatives, color, and artificial chemicals is further degrading the quality of the food and drink. If the old adage that you are what you eat is true then the bad quality of limited fast food and food and drink in general is causing severe health problems for most of the humans in a nation.

Going organic is a smart move but when big corporations take over companies such as Whole Foods which was promising to go organic then organic food struggles. When Aldi supermarkets get too numerous they no longer have an incentive to sell organic produce at the accelerating rate which theoretically would be a good thing. Bigness frankly sucks. Bigness slows down organic innovation and decelerates the pace of needed change in the food and drink business towards higher quality or nutrient value.

Bad health has resulted in big medicine creating artificial drugs which treat the symptoms of an illness but don’t cure it guaranteeing permanent addicted customers. Just listen to the side effects of drugs advertised on TV. The side effects are worse than the symptoms and the possible consequences are the medical conditions which the drugs claim to obscure but not cure.

Over prescription of pain killers, opioids, mood enhancing drugs, anti psychotic drugs, antibiotics, and pills in general has made the majority of Americans dependent on medication of some kind and the number taking 5 or more pills is accelerating, especially among the elderly. Big medicine, high insurance, and medical malpractice suits are causing much disillusionment in the profession. Fewer and fewer humans are choosing  to enter the medical profession and fewer and fewer humans believe that doctors are trying to cure them but are just cynically considering them as a source for renewed prescriptions and income.

Big internet tech companies are the next great source for future lousy information and excessive censorship of ideas and news. Fake news and fake information has made the public lose trust in what they are getting from the media and internet tech companies. Almost all attempts at regaining this trust seem to be colossal failures. Once trust is lost it can take decades or lifetimes to get the trust back.

How do you censor moral free speech from fake and immoral free speech with an algorithm which is just to all law abiding humans? It is mission impossible and the only way out is to patronize smaller internet websites whose mission is clearly stated and worthwhile enough to be financially supported by a trusting readership.

Internet censorship is just one step away from a tyrannical big government with basically one party or two parties that have one and the same philosophy. Many have already complained that there is no difference in the Republican or the Democratic establishment parties. The rich get richer, the middle class is dying fast, the welfare class grows, and the average working citizen is being largely ignored by the politicians.

Many special interest laws have been passed with so many that Congress no longer can pass understandable plain English laws which mean what they say on paper. There are so many vague laws passed which rely upon the bureaucracy interpreting the laws and actually enforcing them via the legal system. Bureaucratic bias is rampant and small businesses who can’t afford an expensive lawyer to explain the laws are at a considerable disadvantage.

Big money power and bigness in general is oppressing the individual and any rights that he or she may still have by law in the constitution. Humans are being royally fucked by big money, a big economy, big medicine, big food or farming, big education, big information, and a big government system. It seems things will only get worse with the passage of time. If you are smart then you will patronize organic food, minimal medicine or minimal usage of drugs both legal and illegal, promote useful education, promote small businesses, and try to pass on your morality to your offspring if you decide to have any offspring.

The problem with big lifeforms is that they are usually too big, too slow, too inefficient, and too stupid to survive in the long duration once they have devoured all the medium sized and little lifeforms. Yes, decentralization is a possible alternative for bigness not becoming extinct but promoting small businesses is the ultimate antidote to a big or huge corrupted dying organism.

Globalism is a money tyranny trying to impose its will on the world and it is basically tyrannical in nature. Globalism has a tyrannical ideology which seeks to impose uniformity of obedient thought on the world and destroy any democracies in the process. Rumblings of nationalism have surfaced and is a weak rebellion against one ideological global tyranny. The European Union is not working out very well any more and without political unity there is little hope for long term continued economic unity.

It is true that if you control the money supply of the world then you really shouldn’t care what political system is running a nation but unfortunately big money leads inevitably to coercive tyrannical tactics and that ultimately means that all the nations of the world will eventually be led by tyrants.

If you liked this evergreen truth blog then read more of them, about 4500 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

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WHEN MONEY POWER IS WIELDED OVER MORALITY, TRUST DISAPPEARS!!!

Big money has always been dominant in the stock market, big money used to be reliably powerful in politics before Trump’s election and will continue to be the prime motivating factor beyond his presidency, big money international corporations and banks are pushing leftist ideology and using it to discriminate against new workers who do not seem to fit the ideological mold. Big money technological companies like Google, Apple, Facebook, Amazon, and Microsoft are also censoring info based on big money media suggestions which are also heavily left wing biased. Big pharma and big agriculture is creating untrustworthy medication with disastrous side effects and bad nutrient deficient food. Big universities give an overabundance of degrees in job poor areas.

What is the result? The stock market is no longer a trusted viable long term investment and traditional stock brokers are having a hard time finding new gullible clients. No reputable politician has a chance to be elected into high office, especially the presidency. Small successful companies are soon bought up by conglomerates and competition and innovation is severely reduced. Internet technology companies are censoring controversial and conservative ideas making a single ruling party highly likely in the future where competition of ideas will be almost nonexistent. Medicine and non organic food is of very poor quality. A university degree no longer means a guaranteed job but probably a lifetime of paying back outrageously expensive student loans.

Due to fake information, fake news, and politically correct yet flawed ideology there is generally a distrust of the media, politicians, corporate leaders, big pharma, big agriculture, big education, and big celebrities.

Can trust in our large institutions and leadership ever be recovered? The answer is probably not for a long time since once trust disappears it takes as much as a new generation of censored leadership to regain some semblance of trust which now seems like a highly unlikely scenario. The powerful monied class will just get more powerful and corrupt with the passing of time and only a slow moral revival from the ground up can hope to revitalize the morality of the citizenry and then that of the leadership.

Yes, censorship will try to reestablish a sense of order from the chaos but bot censorship will be highly unjust and cynicism will prevail for a long time among the common humans in society. If alternative media is permitted to exist then it will become the source of a revitalized morality which will create a renewed sense of trust in what appears on the internet in certain selective places.

Globalism and globalist propaganda will reign supreme and minority voices will be suppressed in favor of a mind numbing propagandistic status quo. Future brainwashing will be on a scale heretofore unprecedented as a handful of companies will control all published info with a minimum of dissenting voices permitted.

Sanctuary cities, successful attempts at voter fraud such as illegal aliens being given the right to vote in some places and ballot stacking in others, convicted felons who have served their time have been given the right to vote in Florida, the law favors open borders, laws are legalizing pot, opioids, mind altering drugs, and heavy medication of over 30% of the population with psychiatric drugs are just some of the signs of further moral decay all creating more and more chaos or disruption with each passing year.

Only about 15 % of the population is metabolically healthy according to one report, a majority of the population is overweight, a vast majority are on medications of some sort, moral financially responsible family units are struggling to survive and those that still exist are often living from paycheck to paycheck with no emergency funds for backup emergencies. The United States is not only in a moral crisis but a financial one with deficit spending running out of control and getting worse with each passing year.

So is there any reason for some optimism? Yes, the population of developed nations is shrinking since not enough are born to replace those that die off. Robots and computer software is replacing many boring and repetitive jobs. Interactive audio visual internet education may supplement an archaic dysfunctional educational system. Smartphones means more internet communication and less social driving around. Self driving cars will replace the need for private transportation and waste less energy in the long duration since many goods will be delivered door to door more efficiently.

Sure, this means most will be living on some kind of welfare or welfare assistance and leading rather boring purposeless lives. But life has never been fair, especially for those with little or no money making ability.

Will there eventually be a revolt of the oppressed masses? Probably not because too many will be strung out on alcohol and drugs to really care much about the sad state of affairs around them. Existence for most will be the bare basics-food, alcohol, drugs, and sex. Not a pretty sight but a highly likely future reality for most judging by current trends on into the future. Can a nation survive under these conditions? Yes, but the government will have to be a tyrannical one which it is getting more tyrannical with each passing year.

Is a more optimistic future possible? Yes, I have written in detail about such an optimistic scenario in my books and encyclopedic blog but the question is -will enough humans read it all and how many will pick up the gauntlet and run with it, especially those hoping to be in future leadership positions?

The globalists are in charge and they probably know where they want the world to be twenty years from now and even further down the road. In the meantime, lead your life with integrity, morality, sincerity, dependability, competence, friendliness, courage, useful selfeducation, and contribute to causes that you believe in with some of your hard earned money. If you succeed in doing that then you will have made a small part of the world a better place to live in. May your struggle be as peaceful as possible. Best wishes.

If you liked this evergreen truth blog then read more of them, about 4500 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 1037!!!

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If you liked this evergreen truth blog then read more of them, about 4100 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

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THE TRUTH ABOUT BANKS+

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When an individual spends money like a drunken sailor this leads to personal bankruptcy and they have to start over from scratch. When a business spends money like a drunken sailor the business is forced to raise prices and if they are not a monopoly then they go out of business or undergo refinancing bankruptcy proceedings.

When a big bank makes too many risky loans then soon it begins working in the red and bankruptcy threatens. The central bank or government can bail a bank out as it did after the real estate bust in 2008 because the bank was considered to be too big to fail. In a national crisis the central bank may take over failing banks and start running them in a more responsible way or permit one big bank to take over most of the remaining ones. There is always a way out of a financial crisis because money is the only issue and the money counterfeiters have all the power.

When the central bank begins to spend like a drunken sailor the national debt increases rapidly, it leads to a financially sick economy of big spenders, and ultimate bankruptcy of the entire financial institution threatens.

A bust after the unrealistic boom of money in circulation is the only cure to the spending crazies in the nation and world. Unfortunately a tightening of the money supply causes many business failures and the economic state of the nation deteriorates rapidly causing massive unemployment and further debt, this time worldwide.

I don’t fear the collapse of the worldwide profligate financial system because debt can be forgiven or refinanced as a solution so the humans in charge of the money supply are really the ones to blame if the world plunges into a worldwide depression. If the world money bags are too greedy and want to consolidate their power even more with a depression then they will and rule more and more of the world by bankrupting profligate individuals and businesses.

Money can be controlled rationally or irrationally and if the world is in a sick financial situation then irrational over speculation is the cause and it must cease or become less prevalent. New money rules may have to be instituted if the current financial system turns out to be a bust.

Banks should make relatively safe loans and incentivize humans to save some of their money for emergencies and retirement with decent returns on savings accounts. They are not doing so today, are encouraging profligate behavior, and are themselves becoming profligate investors of the nation’s money. Irresponsible money management on a small scale is unhealthy procedure and on a big scale it can be catastrophic and result in a hardship depression. I guess it is human nature to wildly speculate when times are good financially but unfortunately a bust is usually around the corner sooner or later as a result of such irresponsible behavior.

 

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT SAVINGS+

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Save: v. to prevent with an event(s) and/or action(s) possible (injury and/or death) and/or (damage and/or destruction) and/or (embarrassment and/or usage) and/or error

The analogy of personal savings and fat in an animal’s body is very appropriate. When an animal is sick, suffers and injury, or is starving from lack of food then it can burn the body fat it has stored to survive until the body heals itself or finds more food.

Humans have emergencies. It may be a chronic health issue or loss of a job or need of money in retirement and with savings to rely upon you can weather the storm. Going into debt is another possibility for emergency situations but if the economy is in a depression or if your credit cards are maxed out then the possibility of getting financial help may be out of the question. OK, personal bankruptcy is the option in the modern world but the hardship it can cause can sometimes bring you to the verge of suicide.

Businesses are in the same situation. If they have savings or a financial reserve then they can weather an economic downturn when banks are not lending any money that easily. If their reserves are inadequate then severe financial downsizing or even bankruptcy threatens.

Banks and central banks also need savings or financial capital reserves because going into debt or working in the red for too long spells financial disaster. Sure, counterfeit money can be printed to bail out banks during a financial crisis but the national debt grows along with it and ultimately the debt has to be repaid unless there is debt forgiveness or restructuring or refinancing.

Banks wildly speculating with derivatives and other non tangible assets in the trillions of dollars have incredible potential future debt or obligations which no amount of money printing can save in a severe liquidity crisis.

International banks are increasingly becoming profligate wild speculators making riskier and riskier loans not backed by capital reserves. It is just a question of time before the governments of the world will start putting the brakes on this incredible bank Ponzi scheme with a new more rational financial system for the world and new financial rules for the banking world.

It may take a worldwide depression to shock the nations of the world into financial reality but the day of reckoning is coming sooner or later. The nations of the world which will come out of depression on a sounder financial footing will be the ones with rich natural resources and a large GDP and GNP.

Ruling justly with money is potentially possible but when the financial system loses touch with reality and tangible assets it is doomed to implode eventually. Gradual financial change is preferable to shocking sudden change but I doubt that humans on a spending addiction will be able to make the necessary changes in small increments with more just financial laws.

Inflation and ridiculous interest on savings accounts is not encouraging wise saving for individual family units and ultimately the government is a reflection of the budgeting ability of its citizens. Encourage private profligacy and national profligacy is the result. No inflation or a decent return on savings which keeps pace with inflation is one of the fundamental solutions necessary in a just banking system.

Budgeting is not taught in elementary school and that is one of the biggest failures of the educational system of any nation!!!!!!

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

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THE TRUTH ABOUT THE CRASH OF 2008

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Greedy banks and mortgage companies with government financial guarantees and gullible humans are the real reasons for the financial crisis of 2008 and the lengthy recession which followed. This article is a factual eye opener to anyone interested in the truth about the crash.

http://www.newrepublic.com/article/116919/big-lie-haunts-post-crash-economy

 

If you liked this evergreen truth blog then read more of them, approximately 600 so far, and one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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